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President’s Presentation to the Board of Trustees. Retreat Follow-up Tuesday, Oct. 25, 2011. An Equal Opportunity University. What the Trustees said…. Improve and expand: Undergraduate experience Housing Academic facilities Research space. An Equal Opportunity University. - PowerPoint PPT Presentation
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An Equal Opportunity University
President’s Presentation to the Board of Trustees
Retreat Follow-upTuesday, Oct. 25, 2011
Improve and expand:
• Undergraduate experience
• Housing
• Academic facilities
• Research space
What the Trustees said…
An Equal Opportunity University
Since the retreat, we have…
• Academic enhancement underway
• Initiated preliminary financial planning
• Developed an RFP for a housing partner
• Created campus land capacity model
• Continued to work on more detailed
facility plans
An Equal Opportunity University
UK Honors Academy• Opportunity to join a select cohort of UK’s
best students, with all majors participating• Generous merit scholarships• Dedicated academic advising• Interaction with faculty mentors and
student peer mentors• Opportunity for research with world-class
scholars/scientists/artists (capstone project)
An Equal Opportunity University
Academic Enhancement
Preliminary Financial Planning
An Equal Opportunity University
•Other Considerations• Student Affordability• Debt Capacity• State Statutes and Regulations
Sources of Funds Costs and other drivers
State Scholarships
Students Personnel
Philanthropy Instructional programming
F&A Recovery (indirect cost reimbursement)
Cost of capital
Private Partners Construction cost
Debt proceeds Operating and maintenance of new and existing facilities
Internal reallocations Assignable Square Footage
Other operating expenses
An aggressive building program is:• ACHIEVABLE• Dependent on multiple funding
sourceso Greater and more intentional
philanthropyo Innovative partnershipso Smart growth of our student bodyo Continuing investments by the
Commonwealtho Improve efficiencies
Initial Results
An Equal Opportunity University
An Equal Opportunity University
Factors for Setting Capital Priorities• Impact on quality of undergraduate
experience• Age and condition of facilities• Availability of funds from various sources• Impact on revenue generation• Program growth and entrepreneurship
Fall 2013
• Open new undergraduate residence hall 600
beds
Honors and innovative learning programs
Fall 2013 to Fall 2021• Open new residence halls for up to a total of
9,000 modern beds
• Academic, research and student support facilities - $400 to $500 million in total investment
• Self-financed projects (UK HealthCare, Athletics, etc.)
Building Program
An Equal Opportunity University
RFP Housing
An Equal Opportunity University
The Housing “Request for Proposal” will…o Be issued tomorrow (October 26)o Identify private partner with
financial strength and experience o Request Phase 1 Facility -Fall
2013 occupancy (600 beds)o Focus on modern student living
and learning facilities
Campus Land Capacity
An Equal Opportunity University
Undergraduate Housing• 4 & 5 Story buildings• Dining Halls/Student Activity Centers
included• Up to 9,000 Bed Count Goal• Multiple Phases of Projects
W.T. Young Library
MemorialColiseum
• Immediate stepso Conversation with stakeholderso Issue an RFP to evaluate
public/private partnerships compared to University-financed projects
o Further develop scenarios Combination of funding sources Sequencing of projects and
investments Partnership and financial
strategies
What’s next on facilities
An Equal Opportunity University
• Financial System of
Accountability
• Human capital
• Diversity and Inclusion
• Learning organization
Other Priorities from the Board Retreat
An Equal Opportunity University
• October 2011 Issue RFP for Housing
• December 2011 BOT approve first housing
project
• January 2012 General Assembly convenes
Key Dates
An Equal Opportunity University